Star Equity Holdings, Inc. (NASDAQ:STRR) Chairman Jeffrey E. Eberwein Acquires 46,280 Shares of Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) Chairman Jeffrey E. Eberwein purchased 46,280 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average cost of $1.11 per share, for a total transaction of $51,370.80. Following the completion of the transaction, the chairman now owns 4,038,816 shares of the company’s stock, valued at approximately $4,483,085.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Star Equity Stock Performance

NASDAQ:STRR opened at $1.11 on Tuesday. Star Equity Holdings, Inc. has a 52 week low of $0.65 and a 52 week high of $1.59. The firm has a market cap of $17.23 million, a price-to-earnings ratio of 0.73 and a beta of 0.43. The firm’s 50-day simple moving average is $1.00 and its 200 day simple moving average is $0.96.

Star Equity (NASDAQ:STRR) last released its quarterly earnings results on Friday, August 11th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). The business had revenue of $8.89 million for the quarter, compared to the consensus estimate of $28.00 million. Star Equity had a return on equity of 10.61% and a net margin of 28.63%. Sell-side analysts anticipate that Star Equity Holdings, Inc. will post -0.09 EPS for the current year.

Institutional Investors Weigh In On Star Equity

A number of hedge funds have recently made changes to their positions in STRR. Virtu Financial LLC acquired a new stake in shares of Star Equity in the 2nd quarter valued at approximately $32,000. Vanguard Group Inc. boosted its stake in shares of Star Equity by 149.4% in the 3rd quarter. Vanguard Group Inc. now owns 57,481 shares of the company’s stock valued at $57,000 after purchasing an additional 34,431 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Star Equity in the 2nd quarter valued at approximately $73,000. Geode Capital Management LLC boosted its stake in shares of Star Equity by 106.3% in the 2nd quarter. Geode Capital Management LLC now owns 104,952 shares of the company’s stock valued at $110,000 after purchasing an additional 54,083 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Star Equity by 228.6% in the 2nd quarter. Millennium Management LLC now owns 133,831 shares of the company’s stock valued at $124,000 after purchasing an additional 93,102 shares in the last quarter. 34.36% of the stock is currently owned by institutional investors and hedge funds.

Star Equity Company Profile

Star Equity Holdings, Inc provides healthcare solutions in the United States and internationally. It operates through four segments: Diagnostic Services, Diagnostic Imaging, Construction, and Investments. It offers imaging services primarily to cardiologists, internal medicine physicians, and family practice doctors; and imaging systems, including nuclear cardiac and general purpose nuclear imaging systems to physician offices and hospitals.